Greetings, and welcome to the BrightSpire Capital, Inc. Third Quarter 2023 Earnings Conference Call. At this time, participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce David Palame, General Counsel. Thank you, David. You may begin. Good morning, and welcome to BrightSpire Capital's third quarter 2023 earnings conference call. We will refer to Brig ...

OCTOBER 30, 2023 BRIGHTSPIRE CAPITAL CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this presentation. BrightSpire Capital is under no duty to update any of these forward-looking statements after the date of this presentation, nor to conform prior statements to actual results or revised expectations, and BrightSpire Capital does not intend to do so. COMPANY HIGHLI ...

Table of Contents BRIGHTSPIRE CAPITAL, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) (Unaudited) Cash Flow Hedges—The Company uses interest rate caps and swaps to hedge its exposure to interest rate fluctuations in forecasted interest payments on floating rate debt. The effective portion of the change in fair value of the derivative is recorded in accumulated other comprehensive income, while hedge ineffectiveness is recorded in earnings. If the derivative in a cash flow hedge is terminated or ...

Brightspire Capital, Inc. (NYSE:BRSP) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Michael Mazzei - CEO & Director Matthew Heslin - MD & Head, Debt Capital Markets Stephen Laws - Raymond James & Associates Matthew Howlett - B. Riley Securities Matthew Erdner - JonesTrading Andrew Witt - President & COO Conference Call Participants Steven Delaney - JMP Securities Greetings, and welcome to the BrightSpire Capital, Inc. Second Quarter 2023 Earnings Conference Call. [Operator ...

AUGUST 2, 2023 BRIGHTSPIRE CAPITAL CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING This presentation may contain forward-looking statements within the meaning of the federal securities lows. Forward-looking statements relote to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical focts. In some coses, you can identify forward-looking statements by the use of forward-looking terminology such as "may," " ...

Fair Value Hierarchy 45 The Company may elect to apply the fair value option of accounting for certain of its financial assets or liabilities due to the nature of the instrument at the time of the initial recognition of the investment. The Company elected the fair value option for PE Investments and eligible financial assets and liabilities of its consolidated Investing VIEs because management believes it is a more useful presentation for such investments. The Company determined recording the PE Investments ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38377 BRIGHTSPIRE CAPITAL, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 38-4046290 (State or Other Jurisdiction of Incorporation o ...

With that, I would now like to turn the call over to Mike. Early last year, we decided to not fight the Fed and made a strategic pivot to a risk-off mode. We substantially throttled back on loan originations in order to prioritize liquidity. We turned inward to focus on asset management and engaging with all borrowers. We made certain to apprise them well in advance of the significant increases in interest rate cap costs and the implications of rising rates on future loan extension tests. We believe that th ...

Holders of our common stock are entitled to receive distributions if and when the Board of Directors authorizes and declares a distribution. The Board of Directors has not established any minimum distribution level. In order to maintain our qualification as a REIT, we intend to pay dividends to our stockholders that, on an annual basis, will represent at least 90% of our taxable income (which may not necessarily equal net income as calculated in accordance with U.S. GAAP), determined without regard to the d ...

BrightSpire Capital, Inc. (NYSE:BRSP) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants David Palame - General Counsel Mike Mazzei - Chief Executive Officer Andy Witt - President & Chief Operating Officer Frank Saracino - Chief Financial Officer Conference Call Participants Ethan Saghi - BTIG Stephen Laws - Raymond James Chris Muller - JMP Securities Matthew Erdner - JonesTrading Matthew Howlett - B. Riley Jade Rahmani - KBW Operator Greetings, and welcome to the BrightSpire ...